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Jul 6, 2011
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-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the government takes in, is at its lowest level since 1950. we've had a 60% reduction in revenue and a 60% increase in expenditures. and right now, we're at the lowest level of revenue taken in that we've been at since the 1950's. and there are only about 14% of the total g.d.p. the fact is that the last five times we balanced the budget, those revenues were about19% or 20% of g.d.p. so here we are at 14%. we've balanced the budget five times previously. and the revenues were at about 19.5% to 20% of g.d.p. doesn't that tell us
-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the...
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Jul 28, 2011
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an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we do because congress says there are certain things we've got to do as a nation. many of the same senators who have said to the president of the united states don't withdraw the troops from afghanistan, keep them there even longer, are now coming to the floor and saying to the president but we're not going to join in asking for the authority that you need to provide that money for those troops. now the senator from pennsylvania has come here the second day and given his take on what would happen if congress fails to extend the debt
an example, the war in afghanistan. some of the most conservative senators on the other side of the aisle not only want us to wage this war but to stay there and keep spending money. know what it costs? it costs $10 billion a month for us to protect our troops in afghanistan. for every dollar that we spend, every dollar that we spend, whether it's on the war, on food stamps, on missiles, on highways, for every dollar we spend we borrow 40 cents. we shouldn't be borrowing all this money, but we...
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Jul 22, 2011
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the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities relating to our air superiority, our mobility, long-range strike, nuclear deterrents, maritime access, space and cyberwarfare, ground forces, intelligence, surveillance and reconnaissance that our nation's civilian and military leadership deemed absolutely critical. and he gave examples of a new tanker. he noted the ones we have are twice as old as many of the pilots who are flying them. a new generation strike fighter, the f-35. he said we have got to build more ships. the size of the navy has sunk to the lowest number since prior to world war ii. the army and marines, doing th
the current inventory is getting old and worn down from iraq and afghanistan. some equipment can be refurbished with life extension programs, but there is no getting around the fact that others must be replaced. when it comes to our military modernization accounts, he said the proverbial low-lying or low-hanging fruit, those weapons and other programs considered most questionable have not only been plucked, they have been stomped on and crushed. what remains are much-needed capabilities...
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Jul 25, 2011
07/11
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is score
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150...
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Jul 5, 2011
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they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a recent headline. "qadhafi threatens to attack european over airstrikes. colonel qadhafi has threat inned to carry out attacks against homes, offices in europe unless nato calls off the airstrikes in libya." he actually means it. hitler meant it. he means it. so we should be talking about the debt. we're not. we should be taking a stand against qadhafi in an effective way. and as you said, senator mccain, we're leading from behind. and i just cannot tell you how upset i am with policies coming from this administration that are sending a signal to our allies that we're not as relia
they came to afghanistan not because they were attacked but because we were attacked. they were our friends, they're our allies. they've been with us trying to make sure afghanistan never goes back into the darkness, a place to attack us or them again. so when they need us, i would tell president obama, now's not the time to sit on the sidelines. i know we're a war weary nation, but there is no upside to qadhafi staying in power. that is a national security nightmare for this country. here's a...
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Jul 12, 2011
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years.l the democratic raposo recognizei the reality that we can bring our combat troops home fromex afghanistan, that we can expect the international community to do more than we can bring about savings on the military side. let me talk about the last major component of the conrad budgetly and how it differs substantially from the ryan budget. not a serious revenues. i know there's been a lot of so discussion about revenues. so what does the democratic budget due in this regard? it takes i revenues to 19.5% of our gross domestic product, gdp. mr. president, that is t phe sae amount of us raised on the clinton presidency when we had unprecedented prosperity and jow growth in america. now, how do wehe get there? how do we get the revenues that we need in order to be able to h bring this debt under control? well, senator conrad has given us some direction on how we canr do that. he has pointed out that sheltere and loopholes need to be closede these are inefficiencies in our kax code today. tal i take the floor on two occasions recently to talk aboue some that i think we shouldat eliminate pier on
years.l the democratic raposo recognizei the reality that we can bring our combat troops home fromex afghanistan, that we can expect the international community to do more than we can bring about savings on the military side. let me talk about the last major component of the conrad budgetly and how it differs substantially from the ryan budget. not a serious revenues. i know there's been a lot of so discussion about revenues. so what does the democratic budget due in this regard? it takes i...
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Jul 8, 2011
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cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial and commercial space company. to talk about the obama policy, we have two gentlemen today. first, we have jim cullenberger. jim has a lengthy resumÉ, but i will focus on his time focusing on space policy, and that was as chief of staff for the obama white house, chief of staff for the office of science and technology policy. following jim, we have peter marquez. peter served under both the bush and the obama administrations working space policy, and at that time he was the director of space policy at the white house. but first we're going to start with jim. >> well, thank you, david. and it's grea
cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial...
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Jul 21, 2011
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over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total amount of money spent since president obama took office is $8.5 trillion. by the end of his first three years in office, we will have added $5 interest to our gross federal deficit. these are stunning numbers. bush had a widely criticized $450 billion deficit. since president obama has been in ofsz the deficits -- in office the deficit looks like it will be $1.5 trillion. we are borrowing too close to half of what we're spending every single day. in the last few years, discretionary spending, non-defense discretionary spending in the last two years increased 24%. 12% a year on average
over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total...
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Jul 20, 2011
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i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of the options on the table. some of my colleagues across the aisle, they said, well, we want to protect the tax spending programs where we've tucked in tax provisions for the wealthy and the well connected. we want to defend those. we don't want to touch those for the best-off americans. but we want to cut the programs for working americans. that is unacceptable. we have seen enormous increase in the disparity between the wages and welfare of our citizens in general and the best-off becoming much, much wealthier proportionately. we can't continue to say that we're going to protect the well-connected
i disagree with a strategy where we're spending $100 billion to $120 billion in afghanistan in a strategy of nation building that is not the best use of our national security, not the best use of our soldiers who are there to fight for our national security, but those are decisions that were made in the past. and we must pay the bill on those decisions even when i disagreed with them. and then we need to put together a plan that takes on our deficit and our debt, and that plan has to put all of...
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Jul 19, 2011
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forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call speaker boehner, based on what he said. he will call the leaders and arrange for a time for a meeting to happen here at the white house. is not a series of meetings budget sometime in the next few days. >> he also made note at the end there that is in progress or agreement with the concept of six or seven senators, how is the white house expects what this again is think to have an impact on the house republican? >> the news from the gang of six/seven italy a significant because it dramatized and reinforces the fact that the only
forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call...
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Jul 11, 2011
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several agencies are responsible for training and equipping police in afghanistan, iraq, pakistan and dozens of other countries. among the participants at this upcoming event are a former commanding general who was involved in the transitional security command in iraq and the author of a new book released by the u.s. agency for international development as a guide for civilian police training. hosted by the u.s. institute of peace, this event runs about two hour hours. >> good morning, everyone. thank you very much for coming. my name is bob perito, i'm the director of the center for security sector governance here at the united states institute of peace. i'd like to welcome everyone. and i'd like to welcome c-span who are responsible for the robot cameras all around us. we have -- we've had over 250 rsvp's for this event. the size of the turnout on a friday morning on july i think speaks to the importance of the topic and to the extent of interest on this topic in washington. as many of you in this audience knows, the u.s. has been involved in training u.s. police forces since u.s. m
several agencies are responsible for training and equipping police in afghanistan, iraq, pakistan and dozens of other countries. among the participants at this upcoming event are a former commanding general who was involved in the transitional security command in iraq and the author of a new book released by the u.s. agency for international development as a guide for civilian police training. hosted by the u.s. institute of peace, this event runs about two hour hours. >> good morning,...
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Jul 22, 2011
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awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an occasion of prime minister asked that. >> politicians generally do that? >> no. i can remember many occasions when a cabinet minister or politician or prime minister was very unhappy with stories we were running and -- not that they would ask us not to. >> if they had you would have been interested anyway? >> if the story was true and accurate, no reason for a prime minister -- that is why we have a free press. >> final question. still a feeling that in some way you had a close relationship with the prime minister. the allegation seems to be is no different -- the benefit of what people need to see. you have a close relation
awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an...
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Jul 27, 2011
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forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including cutting unnecessary spending on agricultural subsidies and auctioning off electromagnetic spectrum that the government currently holds. finally, by cutting the government by over $2 trillion, we'll have to borrow less money than anticipated and that will save an additional $400 million -- sorry, $400 billion in projected interest costs. in total, the senate democratic plan on which we will vote would cut the deficits by $2.7 trillion over the next ten years. while senator reid's proposal would not address the tax gimmicks and loopholes throughout our tax code that he
forces in iraq and afghanistan, saving $1 trillion in the process. our troops in the middle east deserve our admiration and praise for so successfully carrying out their missions. we must, however, continue to press for a strategy that will bring our troops home as soon as we safely can. the reid deficit plan would find an additional $40 billion in savings by cutting fraud and abuse in tax compliance and a number of non-defense federal programs and $60 billion in other savings, including...
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Jul 27, 2011
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soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along steadily earlier this year, we had seen 12, 13, 14, 15 months of job growth in manufacturing, not enough job growth but some, that's even slowing down. steps taken through the auto rescue and other things we did in the last couple of years dealing with this terrible, terrible recession created in 2007 and 2008 the auto rescue saved millions -- auto rescue and other efforts saved millions of americans from joining the unemployment rolls and we're seeing a better auto industry, an auto industry coming back, especially in places like defiance and toledo and northwood and cleveland and lordstown, ohio. bit
soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along...
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Jul 29, 2011
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senate say to the president of the united states, as an example, we want you to continue to wage war in afghanistan at the cost of $10 billion a month, this president knows that he will have to borrow about $4 billion a month to meet that congressional appropriation. you see, we borrow about 40 cents for every dollar we spend. similarly, when it comes to the payments that we make to our veterans, who are disabled, we have promised them we will pay you, because you served our country and you lost a limb or you were injured and we will compensate you for that loss for the rest of your life. we need in making that commitment that we're also making a commitment to borrow the money necessary to do it. so periodically a president will come to congress and say, i understand our obligations which you have sent to me and i have approved, and now i ask you to extend my authority to borrow the money to meet those obligations. that has happened 89 times since 1939. since we passed this law, presidents of both parties have come to congress and asked for that authority. and aceman as i mentioned, not d congress
senate say to the president of the united states, as an example, we want you to continue to wage war in afghanistan at the cost of $10 billion a month, this president knows that he will have to borrow about $4 billion a month to meet that congressional appropriation. you see, we borrow about 40 cents for every dollar we spend. similarly, when it comes to the payments that we make to our veterans, who are disabled, we have promised them we will pay you, because you served our country and you...
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Jul 15, 2011
07/11
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the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, d
the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a...